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EUR/USD steps back as USD/JPY rebounds
Earlier this morning the fall in the USD/JPY extended to a low at 144.10. Since then it has rebounded and right now it is back above 144.50 and heading towards that earlier breakdown level, at 144.67. That rebound has caused the EUR/USD to stall just above 1.1275 and now reverse lower. There is nothing notable about these moves, more so just evidence of more daily swings and roundabouts. The EUR/USD is still very much rangebound for the time being and it seems like 1.1214 to 1.13 has it pretty much covered for now. The EUR/USD is right now at 1.1251
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